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CTV News
9 hours ago
- Business
- CTV News
Montreal home sales, prices rise in May despite steady rates and economic uncertainty
Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off. A real estate sign shows a home for sale in Montreal on Monday, March 24, 2025. THE CANADIAN PRESS/Christinne Muschi MONTREAL — Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off. The Quebec Professional Association of Real Estate Brokers says 4,992 homes in the region changed hands last month, up 10.2 per cent from 4,532 sales in May 2024. Charles Brant, the board's market analysis director, says it marks the third straight month of similar year-over-year sales growth despite mortgage rates remaining in a holding pattern and 'ongoing economic uncertainty.' Brant says there are also 'no signs of a lull in price growth' as around one in seven homes sold above the asking price last month. The median price for all housing types in the Montreal area was up year-over-year, led by an 8.7 per cent increase in price of a single-family home to $625,000. The median price of a plex rose 5.1 per cent to $825,000 and the median price of a condominium increased 4.3 per cent to $427,500. There were 7,596 new listings in the Montreal area last month, up 11.2 per cent from a year earlier, as active listings rose 2.4 per cent to 18,920. This report by The Canadian Press was first published June 9, 2025.
Hamilton Spectator
10 hours ago
- Business
- Hamilton Spectator
Montreal home sales, prices rise in May despite steady rates and economic uncertainty
MONTREAL - Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off. The Quebec Professional Association of Real Estate Brokers says 4,992 homes in the region changed hands last month, up 10.2 per cent from 4,532 sales in May 2024. Charles Brant, the board's market analysis director, says it marks the third straight month of similar year-over-year sales growth despite mortgage rates remaining in a holding pattern and 'ongoing economic uncertainty.' Brant says there are also 'no signs of a lull in price growth' as around one in seven homes sold above the asking price last month. The median price for all housing types in the Montreal area was up year-over-year, led by an 8.7 per cent increase in price of a single-family home to $625,000. The median price of a plex rose 5.1 per cent to $825,000 and the median price of a condominium increased 4.3 per cent to $427,500. There were 7,596 new listings in the Montreal area last month, up 11.2 per cent from a year earlier, as active listings rose 2.4 per cent to 18,920. This report by The Canadian Press was first published June 9, 2025.
Winnipeg Free Press
10 hours ago
- Business
- Winnipeg Free Press
Montreal home sales, prices rise in May despite steady rates and economic uncertainty
MONTREAL – Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off. The Quebec Professional Association of Real Estate Brokers says 4,992 homes in the region changed hands last month, up 10.2 per cent from 4,532 sales in May 2024. Charles Brant, the board's market analysis director, says it marks the third straight month of similar year-over-year sales growth despite mortgage rates remaining in a holding pattern and 'ongoing economic uncertainty.' Brant says there are also 'no signs of a lull in price growth' as around one in seven homes sold above the asking price last month. The median price for all housing types in the Montreal area was up year-over-year, led by an 8.7 per cent increase in price of a single-family home to $625,000. The median price of a plex rose 5.1 per cent to $825,000 and the median price of a condominium increased 4.3 per cent to $427,500. Monday Mornings The latest local business news and a lookahead to the coming week. There were 7,596 new listings in the Montreal area last month, up 11.2 per cent from a year earlier, as active listings rose 2.4 per cent to 18,920. This report by The Canadian Press was first published June 9, 2025.
Yahoo
10 hours ago
- Business
- Yahoo
Montreal home sales, prices rise in May despite steady rates and economic uncertainty
MONTREAL — Home sales in the Montreal-area rose again in May compared with the same month a year ago, as the city's real estate board says both activity and price growth show no signs of tapering off. The Quebec Professional Association of Real Estate Brokers says 4,992 homes in the region changed hands last month, up 10.2 per cent from 4,532 sales in May 2024. Charles Brant, the board's market analysis director, says it marks the third straight month of similar year-over-year sales growth despite mortgage rates remaining in a holding pattern and "ongoing economic uncertainty." Brant says there are also "no signs of a lull in price growth" as around one in seven homes sold above the asking price last month. The median price for all housing types in the Montreal area was up year-over-year, led by an 8.7 per cent increase in price of a single-family home to $625,000. The median price of a plex rose 5.1 per cent to $825,000 and the median price of a condominium increased 4.3 per cent to $427,500. There were 7,596 new listings in the Montreal area last month, up 11.2 per cent from a year earlier, as active listings rose 2.4 per cent to 18,920. This report by The Canadian Press was first published June 9, 2025. The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Toronto Star
07-05-2025
- Business
- Toronto Star
Montreal home sales rise in April, despite soft activity in other major cities
MONTREAL - The number of homes that changed hands in the Montreal-area rose in April compared with the same month a year ago, despite other major Canadian cities seeing home sales decrease amid uncertainty over the economy. The Quebec Professional Association of Real Estate Brokers says 5,126 homes in the region were sold last month, up 10.4 per cent from 4,645 sales in April 2024. The board's market analysis director Charles Brant says the rise in sales can be attributed to newly eased mortgage insurance rules and an accelerated decline in interest rates over the past six months, despite the Bank of Canada's rate hold last month. ARTICLE CONTINUES BELOW The median price for all housing types in the Montreal area was also up year-over-year, led by a 10 per cent increase in the price of a plex to $830,500. The median price of a single-family home rose 8.7 per cent to $625,000 and the median price of a condominium increased 6.1 per cent to $424,500. There were 7,721 new listings in the Montreal area last month, up 12.1 per cent from a year earlier, as active listings rose 2.3 per cent to 18,731. This report by The Canadian Press was first published May 7, 2025.
